20 March 2025 |
While capital growth combined with rising rental income is the ideal scenario, there are several proven strategies to maximise your investment returns.
Here are five expert-tested methods to increase your rental yield:
1. Focus on Tenant Quality and Retention
At Living Property Management, we’ve learned that quality tenants are worth their weight in gold. They typically maintain the property better and provide consistent, timely payments, allowing landlords to manage their finances more effectively. Renewing a lease is significantly more cost-effective than finding a new tenant, as it eliminates vacancy periods and reduces marketing costs.
Real-World Example:
Recently, we worked with an investor who was hesitant to change tenants despite ongoing payment issues. After implementing our thorough screening process, we secured a high-quality tenant who maintained the property impeccably and stayed for four years. The result? Consistent income, zero arrears, and complete peace of mind.
2. Implement Strategic Rent Reviews
The rental market is dynamic, particularly in Southeast Queensland. At Living Property Management, we continuously analyse market data and trends to ensure our clients’ properties remain competitively priced. Our property managers conduct regular rent reviews to prevent falling behind market rates, which can significantly impact long-term yields.
3. Maintain Proactive Property Upkeep
Your investment property is a valuable asset that requires ongoing maintenance. We recommend establishing a dedicated maintenance fund and utilising our TAPI Maintenance program through our Tenant Concierge app for efficient property upkeep. This proactive approach helps:
– Maintain property value
– Justify higher rental rates
– Attract and retain quality tenants
– Maximise tax depreciation benefits
4. Regular Financial Assessment
We encourage our investors to regularly review their financial arrangements. This includes:
– Evaluating current interest rates
– Assessing loan products
– Consulting with financial experts
– Reviewing property management fees and services, aligned with value and proficiency
5. Maximise Tax Benefits Through Depreciation
A comprehensive tax depreciation schedule is crucial for maximizing your investment returns. We recommend working with a qualified quantity surveyor to ensure you’re claiming all eligible deductions, particularly after property improvements or renovations.
Expert Tip: Success in property investment often comes down to having the right team. At Living Property Management, we’ve built our reputation on being specialists in property management, focusing exclusively on delivering superior results for property investors across Greater Brisbane, Gold Coast, and the Southern Sunshine Coast.
Want to learn more about maximising your rental yield? Contact Living Property Management at 1300 885 624 or visit https://www.livingpm.com.au.
By Martin Graham, Director at Living Property Management